Tournament Behavior in Hedge Funds: High-Water Marks, Fund Liquidation, and Managerial Stake.

التفاصيل البيبلوغرافية
العنوان: Tournament Behavior in Hedge Funds: High-Water Marks, Fund Liquidation, and Managerial Stake.
المؤلفون: Aragon, George O.1, Nanda, Vikram2
المصدر: CFA Digest. Aug2012, Vol. 42 Issue 3, p10-12. 3p.
مصطلحات موضوعية: *HEDGE funds, *STAKEHOLDERS, *LIQUIDATION, *FINANCE, *INVESTORS, *INVESTMENTS, *INVESTMENT advisors
مستخلص: The article offers information on several aspects of hedge funds including high-water marks, fund liquidation and managerial stake. It mentions the affect of linking managerial rewards to the high-water marks in risk-shifting moderation of funds. It further informs that the poor performance of investors relative to other hedge funds influence the fund managers to increase risk while investing.
قاعدة البيانات: Business Source Index